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Financings

SavvyLong 2X ETFs begin trading on TSX

By The Northwire Desk — AI Analysis Oct 22, 2025 · 17:58 COMU · 20.06 SavvyLong 2X CIBC (CM) Equity-Linked ETF
COMU · Price

Executive Summary

  • LongPoint Asset Management launched nine new double‑leveraged single‑stock ETFs on the Toronto Stock Exchange, providing 2X long exposure to major Canadian equities and banks.
  • The ETFs began trading today; offerings of initial shares are now closed.
  • LongPoint announced plans for an additional inverse double‑leveraged ETF linked to Shopify.

Key Details

  • Nine Savvy double‑leveraged ETFs (2X daily return) launched on TSX, ticker symbols: ABXU, CCOU, CNQU, CSUU, SHPU (stocks); RBCU, TDU, COMU, NBCU (banks).
  • Underlying securities: Barrick Gold Corp., Cameco Corp., Canadian Natural Resources Ltd., Constellation Software Inc., Shopify Inc., Royal Bank of Canada, Toronto‑Dominion Bank, Canadian Imperial Bank of Commerce, National Bank of Canada.
  • ETFs seek daily results before fees/expenses that correspond to twice the percentage return of the reference stock.
  • Initial share offerings are closed; trading commenced at market open on the day of release.
  • LongPoint plans a future double‑leveraged inverse ETF on Shopify (ticker SHPD).
  • Company background: 37 Canadian‑listed ETFs, ~ $250 million AUM; prior leveraged product launches include crude oil/gas ETFs (Dec 2024), triple‑levered index ETFs (May 2025), and U.S. double‑leveraged single‑stock ETFs (June 2025).

Notable Quotes

  • “LongPoint is proudly Canadian ETF company and, for the first time, we've introduced double‑leveraged single‑stock ETFs linked to actively traded Canadian equities,” – Steve Hawkins, CEO.
  • “We've designed these Savvy ETFs as specific tools for knowledgeable, sophisticated Canadian investors who want to employ high‑conviction, short‑term trading strategies on well‑known Canadian stocks.” – Steve Hawkins, CEO.
Read the original news release →